Let's go.
Let's go.
@Mellberg Is any further support required in this venture? I can put in a further £100, even £200 if required.
@Mellberg, you on nickel?
No thanks mate. £100 each. Keep things simple. Won’t matter when the account is 11mil.Originally Posted by Dave.
Just for everyone’s info I’m dry running the same strategy this week on a demo account with options. Want to be sure and risk management blah blah blah, plus need to be sat in the office at home with unwavering eye for this kind of leverage. Anyway, just trebled the account in an hour on that Nasdaq run. Admittedly it’s a bit of a beast (and I’m gutted it wasn’t real money), but scaled in as per and saw MUCH bigger benefits. Doesn’t even need to be 10% risk I don’t think. Maybe 3%. To fucking treble it. So yeah, exciting.
Main issues, and to temper expectations a little, is there is no stop loss on options. Don’t know if that’s just this broker (IG), or standard. Means my processed way of preventing big losses is removed and I’ll have to do it by hand. Not sure how I’m going to manage that as could get nasty quite quickly. I have a whiteboard, so maybe write exit point down and just GET THE FUCK OUT when it reaches that. But the manual side of things will be a challenge as that split second can lead to you making some silly decisions and big losses. Might take a couple of big hits on the way up due to this. Might wipe us out. But we only need to 200% the account 7 times for 11 mil, so fuck it ennit.
Afraid not. That is absolutely outrageous.
So we'll all be rich in a week then?
In Mellin we trust. Sort of.
I say we all throw Mel £100 a month. That way it covers his £2.6k salary and we can get this shit over and done with by Christmas, riding around on TTH's latest superyacht The Mahow Express.
I've spent a lot more than £100 a month on stuff that only returns regret so I'm well seasoned. Why the fuck not.
If we just go all in and do 1k each we'll all be millionaires.
If he can make us millionaires from 1k, he can do it from £100 too. The initial stake isn't a huge factor in becoming rich here.
Why didn't we just give him £1 then?
Because you can get fucked.
It's a stereotype for a reason.
Do you want my thousand or not you bald cunt.
Yes please.
Even if we lose the money this has been some great craic.
And that's just with constant wins so far. The inferno when a chunk of money is inevitably lost will be tremendous; people cashing out for £105.
Such a tease.
Update:
Right, I've been fucking about and I'm ready to go. Been a VERY interesting week. Basically, x10ed a paper money account since that last post. Firstly, bit of regret, because our account would be at 50k now, but plenty of opportunity and safety first. Plus, I won't be that aggressive with real money anyway. But that is the potential we have here. However, the discipline required just to get out once you've scaled in, only for the the market to turn back on you before target is fucking monstrous (no stop losses for options). Have processed this as best I can, with the FUCK IT JUST GET OUT FFS limit being 10% of account.
Anyway, not every trade will be an options trade. I'll carry on as I am for 80% of them, but the really nice set ups we'll go with that and hopefully do something obscene.
Current account value is £5,155.19. Which means we're less than £100 short of 8 10% steps forward from original value of £2,445 (3 of these steps came from you boys). But moving in right direction and can hopefully put our foot down now.
1/17th of the way to 11mil if you take it as 5 10%s and ignore the late deposits.
So this time next year, we'll literally be millionaires?
I think you’d get just shy of 200k from 11 mil. 170kish. Estimate and running those numbers in my head.
I haven't paid enough attention to see if there's a set timescale on this, or are you just running it until it reaches a certain point/we start our own sovereign wealth fund?
We’ve been going, what, 3 weeks? 1/17th of the way there. Carry on at this trajectory and it will be 11mil by this time next year. Obviously that is unlikely to happen and it isn’t just mathematical. But the theory is there and as long as I can manage the ridiculous amount of actual and emotional variables, then it can be done. That was about average on performance I would say. So if we can now have a really strong fortnight/month we’ll make some serious headway.
Can I take my money out pal thanks
Secondary market!
Start a bidding war for your stake, it'll get you more than the current mechanic.
I've just shorted Mellin via PandaBet.
Stock banter really is the worst. The dreaded canteen banker bragging about his new pension fund.
I’m happy to reimburse Magic if everyone agrees
Nah, wait until you hit £11m and then give Magic's share to his mum.
ouch
I thought we were done regardless in May?
I’ll keep going until I personally have a few mil in the bank. It’s boom or bust. 10k is of no interest to me. I want to retire, not go on holiday. Everyone else can withdraw as and when they hit whatever they want out of it.
Talking about reaching eleven mil like it’s 20k.
I'm a twit
"By the way lads, it's boom or bust with this pot of money that mostly isn't mine."
I mean, he said that in the first post.
I’ve got my £100 worth in banter already so anything else is just gravy.
To be honest, if I knew about the soft cap my pension contributions were under, I would've probably chucked a ton in.
"Sorry, you can't go about this percentage because it bumps up against minimum wage. WE'RE DOING THIS TO PROTECT YOU."
Indeed. You want a chance at £170k from £100 for zero effort, then that £100, y’know, might be a bit exposed.
Preach it.
Exactly, this is the season long mega accumulator coming in for an ultimate bookie beating, not a shitty four fold on nailed on favourites so you can treat yourself to a new kettle.
I want to put my notice in then get Mellin's name tattooed on my arse.
You don't need that much space.
If anyone has a photo of 2x positive later flows they want to send me that haven't been pulled from the interwebz, I can crack on with this shit
Positive?
Might be easier to WhatsApp them too you as I can't be bothered to try and get them off my phone.
Don't tell me you kept them, niko?
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